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作者：Chetty, Raj; Friedman, John N.; Rockoff, Jonah E.
作者单位：Stanford University; Brown University; Columbia University
摘要：Rothstein (2017) successfully replicates Chetty, Friedman, and Rockoff's (2014a, b)-henceforth, CFR's-results using data from North Carolina, but raises concerns about CFR's methods. We show that Rothstein's methodological critiques are invalid by presenting simulations and supplementary empirical evidence which show that (i) his preferred imputation of missing data generates bias; (ii) his placebo test rejects valid research designs; and (iii) his method of controlling for covariates yields i...
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作者：Anderson, Richard G.; Kichkha, Areerat
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作者：Fitzpatrick, Anne
作者单位：University of Massachusetts System; University of Massachusetts Boston
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作者：Hassidim, Avinatan; Marciano, Deborah; Romm, Assaf; Shorrer, Ran I.
作者单位：Bar Ilan University; Hebrew University of Jerusalem; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
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作者：Katz, Lawrence F.; Krueger, Alan B.
作者单位：Harvard University; Princeton University
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作者：Kranton, Rachel E.; Sanders, Seth G.
作者单位：Duke University
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作者：Sacarny, Adam; Yokum, David; Agrawal, Shantanu
作者单位：Columbia University; National Bureau of Economic Research; CMS Alliance to Modernize Healthcare; Centers for Medicare & Medicaid Services
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作者：Jensen, Thais Lrkholm; Johannesen, Niels
作者单位：University of Copenhagen; University of Copenhagen
摘要：Did the financial crisis in 2007-2008 spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We document that banks exposed to the financial crisis reduced their lending relative to nonexposed banks, which in turn caused a significant decrease in the borrowing and spending of their custo...
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作者：Manning, Alan; Petrongolo, Barbara
作者单位：University of London; London School Economics & Political Science; University of London; London School Economics & Political Science; Queen Mary University London; University of London; Queen Mary University London
摘要：This paper models the optimal search strategies of the unemployed across space to characterize local labor markets. Our methodology allows for linkages between numerous areas, while preserving tractability. We estimate that labor markets are quite local, as the attractiveness of jobs to applicants sharply decays with distance. Also, workers are discouraged from searching in areas with strong competition from other job-seekers. However, as labor markets overlap, a local stimulus or transport im...
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作者：Pascali, Luigi
作者单位：Pompeu Fabra University; Barcelona School of Economics; University of Warwick; Centre for Economic Policy Research - UK
摘要：The 1870-1913 period marked the birth of the first era of trade globalization. How did this tremendous increase in trade affect economic development? This work isolates a causality channel by exploiting the fact that the introduction of the steamship in the shipping industry produced an asymmetric change in trade distances among countries. Before this invention, trade routes depended on wind patterns. The steamship reduced shipping costs and time in a disproportionate manner across countries a...
